Trading statement Oceana Group Limited Incorporated in the Republic of South Africa (Registration number 1939/001730/06 JSE Share Code: OCE NSX Share Code: OCG ISIN Number: ZAE000025284 ("Oceana" or "the Company") TRADING STATEMENT In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will differ by at least 20% from those of the prior comparative period. Accordingly, basic earnings per share (EPS) for the year ending 30 September 2017 compared to the year ending 30 September 2016 (“comparative period”) are expected to decrease between 35% and 50% based on prevailing market conditions, to between 511 cents per share and 393 cents per share (30 September 2016: 786 cents per share). Basic headline earnings per share (HEPS) for the year ending 30 September 2017 are expected to decrease between 35% and 50% based on prevailing market conditions, to between 457 cents per share and 352 cents per share (30 September 2016: 703 cents per share) compared to the comparative period. The decrease in EPS and HEPS is largely as a result of the following major factors: - softer global markets for fishmeal and fish oil; - losses on foreign exchange contracts held to cover the import of frozen fish; - the effect of an 8% average strengthening in the rand on foreign earnings and - lower canned fish sales volumes from slow consumer demand. The financial information on which this trading statement is based has not been reviewed and/or reported on by the Company`s auditors. The Company expects its results for the twelve months ending 30 September 2017 to be released on the Stock Exchange News Service on or about Thursday, 16 November 2017. Cape Town 01 September 2017 JSE Sponsor The Standard Bank of South Africa Limited Namibian Sponsor Old Mutual Investment Services (Namibia) Proprietary Limited Date: 01/09/2017 04:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.